Additional information

Substation automation is an integral part of an electrical system for generation and refers to using data from intelligent electronic devices and control commands from remote users, and these are better suited to wide area telemetry than PLC’s. The substation has become an essential need for power companies and utilities about growing demand for energy globally.

The market is valued at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of XX%. The major growth factors contributing to the market include low-cost substation automation solutions in the solar industry, growing demand for retrofitting conventional substations, integration of functions with digital technology to improve grid efficiency in smart cities and net power stations and smart grid in different industries are leading to the substation automation market growth.

North America Substation and Automation Market Segments Share:

North America substation automation market is classified into Module, offering, type, installation type, end-users, and geography. Based on the module, the market is segmented into intelligent electronic devices, communication networks, and SCADA systems. Among which SCADA systems are witnessing the highest market growth rate and estimated to grow at a considerable growth rate at a CAGR of 9% during the forecast period owing to the growing advancements in smart grid technology. Based on the offering, the market is categorised into hardware, software, and service. Among which software is the prominent factor for the growth of the substation automation to gather the data from intelligent electronic devices. Based on the type, substation market is segmented into Transmission substation and distribution substation. In which transmission substation is the key element as a communication channel is a major element in transmission, which communicate across remote areas with improved efficiency of power utilities. Based on installation type, the market is segmented into retrofit installation and new installation. In which retrofit is expected to witness the major share as there is a scope of new technology or features to be developed in the place of older featured products with an automated system. Based on end users, the market is classified into utility, steel, mining, oil & gas and transportation among which utility is the major segment held the largest share of the substation automation and integration market. The utility industry is one of the booming application areas about substation automation and integration, owing to the high demand-supply gap in energy in most of the developing and developed industries. Geographically, the market is categorised into North US, Canada and others. North America dominated the market with a significant revenue share of over 32% with the US driving the market owing to the availability of more than 35,000 substation automation.

North America Substation and Automation Market Trends:

The Smart Grid technology aims at raising operational efficiencies of operators by increasing the flow of information and automation to enable better and faster decisions, hence reducing operational cost.

Substation automation is an integral part of an electrical system for generation and refers to using data from intelligent electronic devices and control commands from remote users, and these are better suited to wide area telemetry than PLC’s. The substation has become an essential need for power companies and utilities about growing demand for energy globally.

The market is valued at $XX Billion in 2017 and is expected to reach $XX Billion by 2024 at a CAGR of XX%. The major growth factors contributing to the market include low-cost substation automation solutions in the solar industry, growing demand for retrofitting conventional substations, integration of functions with digital technology to improve grid efficiency in smart cities and net power stations and smart grid in different industries are leading to the substation automation market growth.

North America Substation and Automation Market Segments Share:

North America substation automation market is classified into Module, offering, type, installation type, end-users, and geography. Based on the module, the market is segmented into intelligent electronic devices, communication networks, and SCADA systems. Among which SCADA systems are witnessing the highest market growth rate and estimated to grow at a considerable growth rate at a CAGR of 9% during the forecast period owing to the growing advancements in smart grid technology. Based on the offering, the market is categorised into hardware, software, and service. Among which software is the prominent factor for the growth of the substation automation to gather the data from intelligent electronic devices. Based on the type, substation market is segmented into Transmission substation and distribution substation. In which transmission substation is the key element as a communication channel is a major element in transmission, which communicate across remote areas with improved efficiency of power utilities. Based on installation type, the market is segmented into retrofit installation and new installation. In which retrofit is expected to witness the major share as there is a scope of new technology or features to be developed in the place of older featured products with an automated system. Based on end users, the market is classified into utility, steel, mining, oil & gas and transportation among which utility is the major segment held the largest share of the substation automation and integration market. The utility industry is one of the booming application areas about substation automation and integration, owing to the high demand-supply gap in energy in most of the developing and developed industries. Geographically, the market is categorised into North US, Canada and others. North America dominated the market with a significant revenue share of over 32% with the US driving the market owing to the availability of more than 35,000 substation automation.

North America Substation and Automation Market Trends:

The Smart Grid technology aims at raising operational efficiencies of operators by increasing the flow of information and automation to enable better and faster decisions, hence reducing operational cost.

Envision Inteligence is the Main Supplier of Market Analysis Reviews, Customized Consulting Companies, Information Analytics and Trade Evaluation. Our purpose is to offer the correct data required by the stakeholder on the proper level of time.Read More